Tata Motors to raise up to Rs 500 cr via NCDs

Mumbai March 24 (IANS) Automobile major Tata Motors on Friday said it would raise up to Rs 500 crore by issuing non-convertible debentures.

...we hereby inform that a meeting of the duly authorised committee was held today (Friday)....approving offering of subscription on a private placement basis up to 5 000 rated listed unsecured 7.84 per cent coupon redeemable non convertible debentures of face value Rs 10 00 000 each at par aggregating up to Rs 500 crore it said in a regulatory filing.

The company s scrip closed at Rs 470.50 down 0.28 percent from the previous day closing on BSE.

--IANS
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